Daily new records sees gold push to new milestones
Nov 12, 2024
Gold’s incredible rally in 2024 has progressed to the next stage, with prices continuing to rise this week and pushing gold in GBP to a new milestone of £2,000 per ounce.
Last week’s bumper cut to US interest rates, fiscal stimulus from China, and further escalation to the conflict in the Middle East have all contributed to gold’s price gains this week, and the metal has seen consistent increases every day.
New records have been set in USD ($2,670.79), Euros (€2,397.95), and a key milestone for gold in pounds having broken through £2,000 per ounce for the first time this morning. Prices remain elevated and it appears the rally has further momentum given the current outlook.
